Stock market news

STOCK MARKET NEWS

MUMBAI: The uncertainty over the election and the trade war between the United States and China became more serious on Monday, with the stock market declining. Sensex and Nifty fell 1 percent to the lowest level of two months.

 The Indian stock arket has been falling for 9th consecutive day. In Sensex, after February this year and the Nifty is the biggest fall since 2011. Market cap also fell by 2.11 lakh crore to 144.55 lakh crore. The Indian stock market started declining at three o'clock in the afternoon and dropped by 400 points in just 45 minutes. Finally, the Sensex fell to 372.17 at 37090.92. The Nifty had lost 130.70 points.

China has increased the duty on imports from June 1,

 saying it will increase the imports from the US to $ 60 billion, or about 4 lakh crore, from June 1. The import-duty on 5140 items will be increased from 5% to 25%. The United States increased the customs duty on goods worth 14 lakh crores from China to 25% from 10% three days ago. Negotiations between the United States and China on May 10 ended without any result. On Monday, US officials had warned that they would impose a 25 percent duty on the remaining 300 billion dollars or 21 lakh crore of imports from China. China's currency yuan also fell 0.8 percent on Monday. This is the 9-month biggest fall.

5 reason

5 reasons for the downturn in the stock market are uncertain due to election results, Tradework more serious rupee between the United States and China also fell 62 paise to the bottom of the global stock market and fell to two-month low. IIP dropped by 0.1 percent in March, the worst performance in 21 months. Quarterly results of companies that have so far been disappointing. Still it will be the same.

Investors who are away from the market now,

the Nifty-50 index has fallen below the 100-day average of 11200. Now experts look at 200 days of 11034. According to Reliance Securities analyst Arun Kumar, investors should now be away from the market. When it appears that the market has reached the lower level, it should be purchased. At this time there is uncertainty in the market. This should savesmall investors from it.

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